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20130201
20130209
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.e.c. commissioners from ruling on many cases, and president obama's nominee to run that agency now, mary jo white, could make it even harder for things to get done if she's approved by the senate. eamon javers is in washington to explain. eamon? >> reporter: hi, bill, the "wall street journal" reported today that a raft of conflict of interests at the s.e.c. could make it difficult for the wall street watchdog to weigh in on high-profile matters, issues that some the s.e.c. have worked on for past employers. for example, "the journal" said president obama's s.e.c. chair nominee mary jo white would not be able to vote on any case involving jpmorgan for two years after taking the job because jpmorgan was a client at a previous law firm. and daniel gallagher would have a conflict of interest on jpmorgan cases, too. he came from a law firm that helped jpmorgan investigate the london whale trading fiasco. such vacancies could give the s.e.c. bare number of minimum commissioners to field a quorum on certain cases which could potentially weaken the commission. s.e.c. declined to comment to the newspaper
. i think americans are going to wake up. when americans discover how bad obama care is and when obama care starts bankrupting state governments, i think you're going to see a huge rebellion against this president and his policies. >> but when -- when are they going to figure that out, senator? we've been talking about obama care for a long time now, and it's already costing businesses, you know, enormous amounts of money and stopping them from hiring any new headsed to the payroll so when are we going to figure this out in your view? when do you think that happens? >> when republicans begin to present our message better and we tell people whether you're rich, poor or middle class you'll have more jobs and more money if we leave money in your state, leave money in your pocket and that's how the economy will grow. when people figure that out, i think they will come back to the republican party, but they also have to see that what he's planning for us is -- it is bankrupting us as we speak. we're borrowing $50,000 a second and it can't go on. >> i didn't know it was a second. >> let me a
ago blasting president obama for not having a budget yet or a plan to avoid scheduled spending cuts. eamon javers in washington with the story. >> hi, maria. we're lurching towards another fiscal showdown. march 1st, that's the new date now for the so-called sequester federal spending cuts that would be automatic and across the board. a lot of jockeying in washington yesterday and today. the preamble starts today with john boehner who took to the floor to criticize the president for being late with his budget proposal. >> this was to be the day the president submitted his budget to congress. but it's not coming. it's going to be late. and some reports say that it could be as long as a month late. i think that's too bad. our economy could use some presidential leadership right now. >> and maria, yesterday democrats offered up some thoughts of their own including the president himself in a super bowl interview suggesting the carried loophole is -- after a package of new revenues based on closing loopholes. carried interest, one thing that's very much on the table here. and obviously t
republican voters, is going to be delivering the response to president obama's state of the union address next tuesday. now this, of course, is very sensible for republicans not only because he's a charismatic speaker but also because he's taking a lead role on immigration reform which is one of the high-profile elements of the agenda early in this congress, one the democrats and republicans are working together, so that would give the republicans an opportunity to showcase their own support for immigration reform and counter some of the message of the president. we've seen over and over again young stars in both parties getting chosen to respond to the president. this is marco rubio's turn. >> thanks very much. john harwood in washington. >>> the interest-rigging scandal back in the news today. kayla tausche is looking at how this story has gotten so big and how this web is growing in terms of cost as well. kayla? >> reporter: libor has been called the world's most important number since it provides the base rate off of which some $500 trillion of securities are priced each year. no surp
Search Results 0 to 3 of about 4